VB Resistance Support

The VB RS indicator will plot dot lines that represent the swing points based on the swing length input(number of bars to the left and right of the swing point).

Swing highs and lows can be used by traders to identify possible areas of support and resistance , which can then be used to determine optimal positions for stop-loss or profit target orders.

highs and lows are earlier market turning points. Hence, they are natural choices for projecting support and resistance levels. Every point is a potential support or resistance level . However, for effective trading, focus on major swing highs and lows.

This indicator was created based on VB Indicator.

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Resistance & Support line style edit
circles -> linebar

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add function
view background RED, GREEN, BLUE

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add new function

can check cloud like Ichimoku Cloud.

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update

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update